McTimothy Associates

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Project Risk Management

Why Attend

Rationale

The overall aim of this course is to enable participants to plan, manage and control project risks. Moreover, participants will be able to develop a project risk management plan and identify project risks related to the project’s triple constraints which are: scope, schedule and resources. The course also aims at assisting participants in qualifying and quantifying project risks and developing appropriate risk responses. In line with the above, participants will also design and calculate key performance indicators for monitoring and controlling project risks.

$ 173.18

Event Date: 08/02/2023 – 10/02/2023

Total:

More Dates

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Course Outline

  • Planning risk management
    • Risk components
    • Project selection
    • Risk preferences
    • Project risk planning processes
    • Risk management plan elements
  • Identifying scope risks
    • Sources of scope risk
    • Scope change risks
    • Defining deliverables
    • Work breakdown structure (WBS)
    • Bottom-up approach
  • Identifying schedule risks
    • Sources of schedule risk
    • Activity definition
    • Estimating activity duration
    • Applying estimating techniques
    • Activity sequencing
  • Identifying resource risks
    • Sources of resource risk
    • Resource planning methods
    • Staff acquisition
    • Cost estimating and cost budgeting
    • Managing project risks
  • Qualifying and quantifying project risks
    • Quantitative and qualitative risk analysis
    • Risk probability
    • Risk impact
    • Qualitative risk assessment
    • Quantitative risk assessment
      • Risk assessment matrices
      • Quantifying risks using PERT analysis
      • Common continuous risk distributions
      • Expected monetary value (EMV) analysis
      • Decision tree analysis
    • Developing risk response strategies
      • Categories of risk
      • Risk management strategies
      • Risk response planning
      • Contingency planning
      • Risk registers
    • Monitoring and controlling project risks
      • Implementing response plans
      • Collecting project status
      • Metrics and trend analysis
      • Project reviews and risk reassessment

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